You may have to miss a house loan payment. In lots of circumstances, you'll be able to’t qualify for any loan modification Except you’ve skipped at the least one particular payment. Just one late payment will hurt your credit and a skipped payment will stay on your credit rating repo

In the event you default around the loan — which means you don’t make your payments for a handful of months — the lender may deliver you to definitely collections or get started collections activity. If you're obtaining trouble earning payments please Get hold of Intelligent lo